International Assets Investment Management LLC Grows Stock Holdings in Science Applications International Co. (NYSE:SAIC)

International Assets Investment Management LLC grew its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 12,348.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 91,872 shares of the information technology services provider’s stock after acquiring an additional 91,134 shares during the period. International Assets Investment Management LLC’s holdings in Science Applications International were worth $11,422,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. UBS Group AG raised its holdings in Science Applications International by 108.7% in the 3rd quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock worth $5,702,000 after acquiring an additional 28,139 shares during the last quarter. FMR LLC raised its holdings in Science Applications International by 13.2% in the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after acquiring an additional 328,426 shares during the last quarter. Invesco Ltd. raised its holdings in Science Applications International by 11.7% in the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock worth $65,030,000 after acquiring an additional 64,406 shares during the last quarter. Versor Investments LP purchased a new position in Science Applications International in the 3rd quarter worth approximately $422,000. Finally, Qube Research & Technologies Ltd raised its holdings in Science Applications International by 3,071.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider’s stock worth $14,163,000 after acquiring an additional 129,963 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 19th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group cut their price objective on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research report on Thursday, February 29th. Truist Financial reissued a “hold” rating and set a $130.00 price objective on shares of Science Applications International in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $127.60.

Science Applications International Stock Up 1.3 %

SAIC opened at $131.55 on Monday. The firm has a 50-day simple moving average of $131.92 and a two-hundred day simple moving average of $126.20. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.74 billion, a PE ratio of 14.86 and a beta of 0.70. Science Applications International Co. has a 52 week low of $95.43 and a 52 week high of $145.17.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.04 earnings per share. Analysts forecast that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is currently 16.72%.

Insider Buying and Selling

In other news, CEO Toni Townes-Whitley acquired 3,000 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average cost of $125.96 per share, with a total value of $377,880.00. Following the transaction, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Toni Townes-Whitley bought 3,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the purchase, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Vincent P. Difronzo bought 795 shares of the company’s stock in a transaction on Friday, April 12th. The stock was bought at an average price of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at $1,105,622.88. The disclosure for this purchase can be found here. 1.29% of the stock is currently owned by corporate insiders.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.